Options Recaps:
We got things right back on track with regard to the options ideas that we formulated for yesterday morning’s premarket report. We put forth a group of three earnings plays and the activity we subsequently observed was nothing to sneeze at, with all three returning opportunities for multibag intraday gains. That included a really nice 950 percenter!
Our specific areas of interest for the session were the CHWY Weekly $37.50-36.50 Puts, the ACN Weekly $262.50-265 Calls, and the GIS 04/21 $82.50 Calls, which provided the following moves and intraday profit chances, as well as more incredible new highs in the ONON 04/21 $25-27.50 Calls we’ve been tracking since Tuesday:
CHWY Weekly $37.50-36.50 Puts
$37.50: 1.43-3.55 (+148%)
$37: 1.11-3.05 (+174%)
$36.50: .90-2.56 (+184%)
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ACN Weekly $262.50-265 Calls
$262.50: 2.10-11.85 (+464%)
$265: .85-9.00 (+959%)
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GIS 04/21 $82.50 Calls
$82.50: .50-2.10 (+320%)
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ONON 04/21 $25-27.50 Calls
$25: .56-7.10 (+1167%)
$27.50: .25-4.99 (+1896%)
Fresh Options Ideas:
CPRI 04/21 $47.50 Calls
SPY 03/24 $392-391 Puts
Extended Watchlist:
BDPT, VNTH, ASAP, BRDS, DRMA, TRKA,
Today, we close the books on what has been another fantastic year of stock and options trading. 2022 came with its ups and downs, but we weathered all the storms and had plenty of days in the sun! The good far outweighed the bad, and we’re looking forward to more excitement in 2023! HERE’S WISHING A VERY HAPPY NEW YEAR TO YOU AND YOURS!